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Community foundation invests in Jubilee Ministries' housing efforts - Grand Rapids Business Journal


Grand Rapids Business Journal
Courtesy Jubilee Ministries
The foundation, known as CFHZ, said last week that it extended a five-year, $250,000 line of credit through its CFHZ Program Related Investment (PRI) fund to support the work of Jubilee Ministries, a nonprofit working to strengthen neighborhoods in the greater Holland area through the development of attainable housing options.
The PRI fund, part of the Community’s Endowment fund of CFHZ, holds $1 million to invest in opportunities that provide significant social impact and an ability to repay the loan.
Before (top) and after photos of a Jubilee Ministries housing project.
Courtesy Jubilee Ministries ....

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GREDA secures millions for local projects, businesses


The Grand Rapids Economic Development Authority (GREDA) recently approved its 2020 Annual Report.  
The mission of the Grand Rapids Economic Development Authority (GREDA) is to advance the growth of the local economy through efforts focused on business recruitment, retention and expansion. As the City’s economic development agent, GREDA strives to provide a high level of service, in order to encourage economic investment and prosperity in the City of Grand Rapids and the surrounding region. GREDA works closely with businesses to: identify creative solutions to challenging problems, generate enhanced opportunities for growth, and help them achieve their short- and long-term goals. ....

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